BitAngels are here to launch and protect cryptocurrency startups

Do you know what BitAngels are? Like the name almost says, they are part of the first multi-city angel investment network and incubator, a project that has the mission of encouraging and supporting Bitcoin startups.

The idea was born and turned into reality thanks to more than 60 investors, who have joined forces to create BitAngels. The founder of Engine.co, David A. Johnston, the founder of SocialRadius and Martketwire, Michael Terpin, and also the angel investor Sam Onat Yilmaz are the main faces of the project. They were the ones who set up the investment firm, aiming for the promotion of entrepreneurship in the digital currency universe.

TechCrunch says that this firm built an initial fund of $6.7 million. And, now, the money will be invested at a rate of around $20,000 per startup.

But, this project is not just about money, since the firm is also going to be supporting and mentoring the startups in their offices located in Austin, San Francisco and New York.

In our opinion, this seems a great idea to boost the emergence of new companies connected to the cryptocurrency world!